A market worth more than £50bn will be created for new wind, wave and tidal power equipment in British waters by 2020, the head of the new government-backed energy research and development group has said.
Posts from ‘January, 2009’
Shell to Pay $1 Million Penalty for Clean Water Act Violations in Puerto Rico
This agreement marks a solution to a longstanding series of serious violations, said EPA Regional Administrator Alan J. Steinberg. Not only is Shell paying for these violations with its checkbook, it is taking steps to avoid future problems.
Shell Walks a Thin Line With Flying J Refinery
Shell thought wrong. Since closing the tap early in January, the company has been publicly accused of market manipulation in an episode reminiscent of the avalanche of negative attention it, along with other oil companies, received in the aftermath of Hurricane Katrina and during periods of high gas prices.
Nigeria: NNPC, Algeria Hold Talks With Shell Over Trans-Sahara Gas Project
The Nigerian National Petroleum Corporation (NNPC), on behalf of the Federal Government, at the weekend held high level discussions with their Algerian counterparts and the Netherlands to explore prospects for a partnership Shell for the development of a trans-Saharan gas pipeline project that convey natural gas from Nigerian to Europe across the Sahara. , Algerian official media reported.
Nigeria’s gas profits ‘up in smoke’
Shell officials say it is the government’s fault that gas flaring still happens.
Exxon Goes Shopping?
Exxon now has money to burn, a move possible With $40 billion in cash, Exxon Mobil could be poised to buy out or merge with one of its struggling competitors. Oil giants like Chevron, BP, Royal Dutch Shell, ConocoPhillips and Exxon itself face weak fourth-quarter profits and oil-prices remain depressed, so a major merger or acquisition is possible, analysts say.
Exxon-Mobil Has Mega Cash and Capital Ideas
(Dow Jones) – With nearly $40 billion in cash in its coffers, Exxon Mobil holds enough financial firepower to pull off an industry-changing transaction, energy mavens say.
Shell resumes oil exports from Delta
SHELL Petroleum Development Company (SPDC) has lifted force majeure on crude exports from its Bonny, Forcados and Bonga oil facilities in the Niger Delta region.
Feeling Flush, Exxon Fuels Speculation Deal Is on Tap: Shell spokesman declined to comment
One of the many scenarios suggested by observers is Exxon buying Royal Dutch Shell, a move that would give the Texas company access to more oil reserves in West Africa and would turn Exxon into an uncontested giant in the fast-growing global gas trade. A Shell spokesman declined to comment.
Oil traders demand ships to store crude before prices rebound
Royal Dutch Shell is thought to have hired at least four, BP has hired one, the Eagle Vienna, while Koch, an American company, has leased another.
Not even a good old-fashioned sex scandal could get our outrage going again
Not even a good old-fashioned sex scandal could get our outrage going again. Indeed, a juicy one erupted last year in the Interior Department, where the inspector general found that officials had used cocaine and marijuana, and had sexual relationships with oil and gas company representatives. Two officials tasked with marketing oil on behalf of American taxpayers got so blotto at a daytime golf event sponsored by Shell that they became too incapacitated to drive and had to be put up by the oil company.
Corrib gas field costs Shell over 120m
Efforts to take gas ashore from the field lying 83km off the Co Mayo coast have been dogged by controversy and figures yesterday showed for the first time the scale of Shell’s outlay on the project.
Shell Oil’s pursuit of local waters could have big impacts
Shell Frontier Oil and Gas filed in water court in Steamboat Springs in late December to stake its claim to skim 375 cubic feet per second from the Yampa during high flows fed by snowmelt in the spring and early summer.
Shell has had more trouble curbing fatalities than many of its competitors
The Financial Times reported last month that Royal Dutch Shell had the highest mortality rate of any large western oil company, with two employees and 28 contractors dying in the line of duty in 2007.
Dutch, Algerians discuss Sahara gas venture-report
ALGIERS, Jan 10 (Reuters) – Algeria and the Netherlands discussed on Saturday a partnership involving Nigeria andRoyal Dutch Shell in a project to pipe Nigerian gas to Europe across the Sahara, Algerian official media reported.


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